What should be done if differences are found between the bank statement and the book account?
Question:
What should be done if differences are found between the bank statement and the book account?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
If the difference is less than 100 the...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
What should be done before a meeting to properly prepare for the meeting? What should be done during a meeting to ensure that the meeting will be effective?
-
What should be done to help ensure that Ponzi schemes like this one do not happen in the future? The fraud perpetrated by Bernard Madoff that was discovered in December 2008 was what is known as a...
-
What should be done to ensure that efforts to punish employees are as effective as possible?
-
Are there accomplishments for which you individually receive credit which others helped you accomplish?
-
What elements in the David and Goliath story make it a good model to use in developing your own story? How can a well-scripted story help you reframe how you see yourself?
-
In Oracle, what is a database profile?
-
State the steps in the audit program for testing sales transactions in a manual system that pertain to the use of a random sample.
-
Bob Morin opened a medical practice specializing in surgery. During the first month of operation (August), the business, titled Bob Morin, Professional Corporation (P.C.), experienced the following...
-
2. List the functions and benefits of a multi-service Inventory Management Software System. bas SH 3. List five characteristics of an inventory manager and write a brief statement about the one...
-
Refer to the following financial statements for Kodak: Liabilities and shareholders equity Current liabilities Required: Prepare forecasts of its income statement, balance sheet, and statement of...
-
Which of the following items are found on a book side of the bank reconciliation? A. Beginning bank balance B. Outstanding checks C. Interest income D. Error made by bank
-
A company has decided to start a petty cash fund for $150. Which of the following is the correct journal entry? A. B. C. No entry is required. D. Petty Cash Cash 150 150
-
The fictional balance sheet of MAC Company using IFRS is shown below. Review it and describe at least three differences in their presentation from what is shown in Exhibit 411. Ignore the fact that...
-
Describe how Overhauser interpolation can be used to introduce additional points Programming in C and C++ For five of the following C or C++ features write a very short fragment of code that...
-
Fill out the working capital analysis for Home Depot (adequacy of amounts of working capital, cash conversion cycle, and financing strategy). Remember, working capital is current assets and is not to...
-
Please fill in the cells indicated in red, bold font. N I PV PMT FV in in $ 10 5% 50.00 $ 1,000.00 9/16/2021 9/15/2031 Yields 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% Prices Duration 8.27 8.19 8.11 8.02 7.93...
-
The folks at Vlasic Pickles, a popular brand of all kinds of pick- les, decided there was a market for large pickle slices. Pickles, of course, are made from brining cucumbers. The problem was, in...
-
Kellogg Company is considering launching a new flavour of its Eggo frozen waffle called the Eggo 11 in order to monetize some of the free publicity around their product from the first seasons of the...
-
In each case, solve the systems of equations by finding the inverse of the coefficient matrix. (a) 2x - 3y = 0 x - Ay = 1 (b) x + Ay + 2z = 1 2x + 3y + 3z = 1 4x + y + 4z = 0
-
A condenser (heat exchanger) brings 1 kg/s water flow at 10 kPa quality 95% to saturated liquid at 10 kPa, as shown in Fig. P4.91. The cooling is done by lake water at 20C that returns to the lake at...
-
What is the purpose of a job cost sheet? Describe the information typically included on a job cost sheet.
-
Explain why Boeing likely uses a job costing system. How does the information that comes from a job costing system help Boeing make better decisions?
-
What is a normal costing system, and why do companies tend to use a normal costing system to apply overhead to jobs rather than using actual overhead costs?
-
Convert the following numbers (Show the steps of your work): a. Ox23734 Binary: Decimal: b. Ob01100011 Hex: Decimal: c. 12345 Hex: Binary:
-
Find the total number of compounding periods and the interest rate per period for the investment. Nominal Term of Investment Interest (Annual) Rate (%) Compounded Compounding Periods Rate per Period...
-
A company applies overhead at a rate of 160% of direct labor cost. Actual overhead cost for the current period is $1,006,000, and direct labor cost is $590,000. Determine whether there is over- or...
Study smarter with the SolutionInn App